Certificate in Financial Services Business Process Modelling

Certificate in Financial Services Business Process

Modelling

by Mohsin Baig

If you are interested then please e-mail : [email protected] for more details on enrolment

mailto:[email protected]

About Couse AuthorI have been a IT Contractor for the last 14 years performing IT Contractor Services in London, UK for a wide range of Investment and Retails Banks such as Bank of America Merrill Lynch, Bank of New York Mellon, JP Morgan Stanley, Credit Suisse, Goldman Sachs.

Performed the following Roles: IT Business Analyst, System Analyst, Lead Business Analyst, Business Architect, Solution Architect and Enterprise Architect on Business Transformation Projects, Data Migration Projects, European Payment Projects (BACS, CHAPS, SEPA, Faster Payments), Financial Regulatory Projects, Anti Money Laundering Projects, Electronic Trading projects for Forex, Equities, and Commodities.

Academic Background : Bachelor Degree Financial Services, Executive MBA, Msc Computer Science.

Introduction to the Module

This module introduces Business Process Modelling to Financial Services Business Analysts and empowers them with a practical understanding in how to pursue Business Process Modelling in any Business Transformation, Process Integration, System Replacement or Change related projects.

This module develops the skills of a Business Analyst based on Financial Services case studies related to Financial Trading Markets, Banking Payment Schemes, etc. and depicts how Business Process maps can be built using a Process Mapping workshop approach.

At the end of the Module students should be able to practically apply all the techniques and tactic of the workshop approach and develop the capability to build and design Business Process Maps in a financial services environment, relating to any Front Office, Middle Office and Back Office Business IT projects.



Module Suitability

Existing or Entry level Business Analysts who are seeking a Career in the Financial Services Industry.

Experienced Financial Services Business Analyst working in Change Management or IT seeking to strengthen their Business Process Modelling skills.

Business Analysts seeking to widening their approach using a workshop based approach as part of the tactics to develop “As Is” Business Process Maps.

Business Analyst consultants seeking a wide understanding in how to effectively, practically apply “As Is” Business Process Maps to their existing Business Requirements Documentations or similar Artifacts



Module Aims

Develop understanding of how a Business Process Map is designed and constructed in investment banking domains related to Financial Markets, Payment Schemes etc

Develop understanding of how a Business Process Map is designed and constructed in the International Payments domain.

Develop understanding of how Process Mapping workshops can be setup and used as a means to collate different viewpoints of the Business Process

Understand the Benefits of Business Process Mapping and how Business Process Modelling can be practically applied at work.

Develop techniques for stakeholder management when engaging in Business Process Mapping



Develop a high level business system understanding of the “As Is” and “To Be” Business Process mapping approach in a Financial Services Environment.

Develop an understanding of the required steps that will enable you to construct an “As Is” and “To Be” Business Process Map(s)for Front Office, Middle Office and Back office Financial Services Environment.

Develop an understanding of the relevant business attributes and business requirements that need to be elicited from business stakeholders in order to produce a baseline viewpoint of the Business Process in scope.

Develop an understanding of quality control guidelines and stakeholder management techniques in order to achieve stakeholder agreement with the Business Process Map.

Develop a coherent understanding in identifying business rules, stakeholders, inputs, outputs within a business process.

Learning Objectives



Business Process Modelling Definition

A Business Process Model is depicted as a diagram that comprises in User Steps, business rules, stakeholders that are impacted within the scope of the process. Its overall end to end viewpoint is that it simply represents a sequence of business activities

Business Process Models can be categorised in two tiers : “As Is” (Baseline Model) or “To Be” (Target Model)

“As Is” Business Process Model is used to analyse the existing gaps and constrains within the process.

Business Process Models can be developed in Unified Modelling Language Notation (UML) and Business Process Modelling Notation (BPMN)

Business Process Modelling is also known as “Business Process Mapping”,



Business Process Modelling Benefits

Provide a High Level Visual of all the Business Actors, System Actors, Business Rules, and System Rules that are involved in a Business Scenario.

Provide a gauge in terms of the Business Scope of the Business Process.

Act as an effective visual for Requirement Workshops to validate the “As Is” and incorporate further feedback to address the gaps.

Project Confidence to Business and IT Stakeholders that the scope of the identified Business Process is Plausible.

Depict a key Business Analyst skillset and capability

Act as a catalyst for discussion in terms of Process Improvement and developing the “To Be” Business Process.

Enable Business and IT stakeholders to identify the existing constrains and limitations of the Business Process.

Enable the Business Analyst to provide context around the Business Requirements.



Business Process Modelling-Dependencies



Business Process Modelling:-Dependencies

Target Operating Model must be defined in a Business Architecture Artefact which will enable Business Analyst to identify the impacted Functional Areas that are in Scope of the Project.

Existing and Target High Level Business Use Cases/Business Scenarios must be defined in a Business Architecture Artefact to enable the Business Analyst to understand the scope of the business scenarios that are to be impacted.

High Level Requirements Scoping must be defined by the Lead Business Analyst to enable the Business Analyst a high level understanding of Business Processes that are in scope.

Business Processing Modelling “As Is”-High Level

Description Involves using a diagram technique that will capture the business process steps, stakeholders, inputs and outputs that are involved in the process.

Business Process Maps could be depicted in the following types of diagrams: Swimlane Diagrams, Flowcharts, Horizontal Swimlane Diagrams

Modelling tools such as Microsoft Visio are very effective as a Business process modelling toolkit.

Business Process Maps can be used to depict the “As Is” and the “To be” business scenarios

In a typical Project scenario the Business Analyst must verify and validate all the Business Processes that are in scope for the “As Is”



Equity Trading Lifecycle

Equity Trading Markets Trade Lifecycle typically typically consists of the following phases:

Order Initiation and Delivery (Front office)

Risk Management: (Middle Office)

Order Matching: (Front Office)

Confirmation: (Back Office)

Settlement: (Back Office)



This section looks at the Equity Markets Trading Lifecycle phases from a Institutional Investor services perspective and depicts how Business Process Modelling activities can be applied using the given main sequence of Events.

Pre-Trade Decisions

Buy-Side Order Management

Order Routing

Execution

Trade Confirmation

Trade Allocation

Clearing

Settlement

Business Process Modelling: Primary Markets Trade

Lifecycle

Business Process Modelling in Gap Analysis



Business Process Modelling in System Design



Business Process Modelling in Requirements Analysis



Business Process Modelling in Process Improvement



Business Process Modelling (As Is) in Business Scenarios



Documents

Certificate in Financial Services Business Process Modelling